Avoiding checking account ATM fees

There are a large number of financial institutions that charge additional ATM commission on each transaction, while withdrawing money using ATM outlets. ATM transactions also known as convenience transactions are operations offered by the bank as a necessary service to keep their clients happy. While such operations itself result in additional costs to the bank, it adds no profit for the bank. By allowing clients from other banks to do their ATM transactions, further increase the cost. The only benefit here for banks is that other banks also provide the same service to keep the business active.

Most banks have allowed their own customers to access their checking account details for free through ATM machines. This facility helps them provide a large branch network and competitive banking services. Keeping this in mind, they provide a large number of free ATM counters around the country. On the other hand, ATM’s are the best way to reduce additional expenses. For example, they can work as an electronic bank branch. However, a normal branch of a bank will never charge any fees to its customers when the customer uses physical office services.
There are several ways to skip fees associated with ATM transactions. If you find ATM charges are costly, then you should use your Smartphone to find one. We all know that if a customer uses the same bank ATM, they will not charge an additional fee. There are several smart phone applications that can help a user in this case. In addition, banks also are developing programs to help their customers. In addition, they can also look for same bank ATM counters using GPS systems.

Using affiliated ATM networks could be a better solution for many people. Most of the financial institutions have their partners. They build affiliation network to protect their interest. Using these facilities intelligently will help you omit ATM checking account fees.

Getting special cash back and a debit card is a better way to avoid additional ATM fees. One of the advantages of using these cards at convenience stores, gas stations, grocery stores and retailers is that the user can get money from a store clerk while making a purchase.

Final ways to get rid of ATM fee are to find an ATM charge free account or open an account in a big bank. The first option will never charge you any transaction fee while withdrawing money from your account. The customers of a big bank generally enjoy a fee free ATM service. If you do not have one, then it will be better to get one.